China Recycling Energy Announces Upcoming Annual 2013 Stockholder Meeting
XI'AN, China, June 16, 2013
XI'AN, China, June 16, 2013 /PRNewswire-FirstCall/ -- China Recycling Energy
Corp. (NASDAQ: CREG or "the Company"), a leading industrial waste-to-energy
solution provider in China, today announced that it will be holding its 2013
Annual Meeting of Stockholders on Wednesday, June 19, 2013, at 10:00 a.m.
local time in China (10:00 p.m. Tuesday, June 18th Eastern time).
The meeting will be held at its principal executive office, located at 12/F,
Tower A, Chang An International Building, No. 88 Nan Guan Zheng Jie, Xi'an
City, Shaanxi Province, 710068 China. Stockholders of record at the close of
business on May 10, 2013 are entitled to receive notice of and to vote at the
2013 Annual Meeting and any adjournments thereof. Among the issues to consider
and act upon are the following:
1. To elect seven directors, each to serve until the 2014 Annual Meeting
2. To ratify the appointment of Goldman Kurland Mohidin, LLP as the
Company's independent registered public accounting firm for the fiscal
year ending December 31, 2013; and
3. To conduct an advisory vote on the compensation of our named executive
4. To conduct an advisory vote on the frequency of future advisory votes
on the compensation of our named executive officers; and
5. To transact such other business as properly may come before the annual
meeting or any adjournments thereof. The Board of Directors is not
aware of any other business to be presented to a vote of the
stockholders at the annual meeting.
To attend the meeting by phone, local shareholders should dial 029-96146 and
choose language then press 2 for fixed conference. Please enter conference
number: 10710 and PIN number:5858.
For international shareholders to attend the meeting by phone, please dial +86
29 96146(non-US) or 011 86 29 96146 (US) and choose language then press 2 for
fixed conference. Please enter conference number: 10710 and PIN number: 5858.
About China Recycling Energy Corp.
China Recycling Energy Corp. (NASDAQ: CREG or "the Company") is based in
Xi'an, China and provides environmentally friendly waste-to-energy
technologies to recycle industrial byproducts for steel mills, cement
factories and coke plants in China. Byproducts include heat, steam, pressure,
and exhaust to generate large amounts of lower-cost electricity and reduce the
need for outside electrical sources. The Chinese government has adopted
policies to encourage the use of recycling technologies to optimize resource
allocation and reduce pollution. Currently, recycled energy represents only an
estimated 1% of total energy consumption and this renewable energy resource is
viewed as a growth market due to intensified environmental concerns and rising
energy costs as the Chinese economy continues to expand. The management and
engineering teams have over 20 years of experience in industrial energy
recovery in China. For more information about CREG, please visit
Safe Harbor Statement
This press release may contain certain "forward-looking statements" relating
to the business of China Recycling Energy Corp. and its subsidiary companies.
All statements, other than statements of historical fact included herein are
"forward-looking statements." These forward-looking statements are often
identified by the use of forward-looking terminology such as "believes,"
"expects" or similar expressions, involve known and unknown risks and
uncertainties. Although the Company believes that the expectations reflected
in these forward-looking statements are reasonable, they do involve
assumptions, risks and uncertainties, and these expectations may prove to be
incorrect. Investors should not place undue reliance on these forward-looking
statements, which speak only as of the date of this press release. The
Company's actual results could differ materially from those anticipated in
these forward-looking statements as a result of a variety of factors,
including those discussed in the Company's periodic reports that are filed
with the Securities and Exchange Commission and available on its website at
http://www.sec.gov. All forward-looking statements attributable to the Company
or persons acting on its behalf are expressly qualified in their entirety by
these factors. Other than as required under the securities laws, the Company
does not assume a duty to update these forward-looking statements.
For more information, please contact:
Mr. Leo Wu
China Recycling Energy Corp.
SOURCE China Recycling Energy Corp.
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